Generac (NYSE:GNRC) Upgraded by OTR Global to Positive

OTR Global upgraded shares of Generac (NYSE:GNRCFree Report) from a mixed rating to a positive rating in a research note released on Tuesday morning, Benzinga reports.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $135.00 price objective on shares of Generac in a report on Monday, December 4th. TD Cowen cut their price target on shares of Generac from $165.00 to $144.00 and set an outperform rating for the company in a report on Thursday, February 15th. Guggenheim downgraded shares of Generac from a buy rating to a neutral rating in a report on Thursday, February 15th. Robert W. Baird lifted their price target on shares of Generac from $112.00 to $129.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, UBS Group cut their price target on shares of Generac from $160.00 to $150.00 and set a buy rating for the company in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $139.79.

View Our Latest Stock Report on GNRC

Generac Price Performance

NYSE:GNRC opened at $128.15 on Tuesday. The company has a 50-day moving average of $117.22 and a 200-day moving average of $113.68. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 2.00 and a beta of 1.45. Generac has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRCGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. As a group, equities research analysts anticipate that Generac will post 6.32 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock valued at $2,012,595,000 after buying an additional 130,854 shares during the period. Ariel Investments LLC boosted its holdings in shares of Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after buying an additional 261,050 shares during the period. Invesco Ltd. boosted its holdings in shares of Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after buying an additional 147,523 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Generac by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company’s stock valued at $141,176,000 after buying an additional 28,211 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Generac by 61.8% in the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock valued at $134,395,000 after buying an additional 475,104 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Generac

(Get Free Report)

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

Further Reading

Analyst Recommendations for Generac (NYSE:GNRC)

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